All signs are showing Noble Group is going to start a bullish uptrend.

• Noble Group has cleared the previous support turned resistance of Descending Triangle of $1.04.
• Noble Group has cleared the 200D SMA resistance and trading above all the 3 Moving Averages.
• Noble Group is trading in an uptrend channel.
• Morning Doji Star (or Bullish Abandoned Baby) rebounded at up trend channel support and 100% FR support.
• Noble Group is fitting the Fibonacci Retracement Level (0%, 61.8%, 100%, 161.8%) very nicely.
• Noble Group will be heading towards 261.8% Fibonacci Retracement level at about $1.25 IF
  • Stay above $1.04 and this becomes a reliable support.
  • Clear $1.06 resistance (161.8% FR)
  • Uptrend still intact (higher high, higher low)

However, the whole bullish scenario will be void if Noble Group goes below $1.04 and the 200D SMA become resistance.

  Original analysis by Marubozu ......